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Federal Incentive

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politics-and-media22 minutes ago

Lame-Duck Deadline Looms as Hollywood Tax Credit Faces Post-Midterm Gridlock

The proposed federal film and television tax credit faces significant legislative hurdles as the 2026 lame-duck session approaches. While President Trump and a bipartisan coalition of lawmakers support the Motion Picture, Television, and Entertainment Revitalization Act, the recent Democratic midterm victory has shifted political dynamics. Industry advocates urge Congress to pass the bill before the December 18 adjournment to allow production planning for 2027, but concerns over budget fights, cost estimates, and shifting party priorities threaten to stall the legislation until the new Congress convenes.